NES Financial announced today it has been selected by Recovery Centers of America to provide third-party administration for a $150 million EB-5 project to continue to expand and enhance its innovative brand of healthcare centers and services. America Now will serve as the Regional Center.
Recovery Centers of America is a leading-edge behavioral health operator providing the full spectrum of care for patients with substance abuse issues through state-of-art health centers strategically located in the Northeast U.S. With a total of six health centers slated to be fully operational by fall 2017, Recovery Centers of America will have a significant healthcare footprint in the region, serving over 1 million patients.
“NES Financial has brought institutional quality third-party fund administration to EB-5, which represents a tremendous value to us and our investors,” said Bill Bora, General Manager. “Their technologies and financial expertise have transformed EB-5 administration. And that’s what Recovery Centers of America is doing in the substance abuse disorder treatment industry.”
“Ensuring Recovery Centers of America and their investors achieve their goals in an evolving EB-5 environment is what our business is all about,” states Reid Thomas, NES Financial Executive Vice-President. “In more practical terms, our EB-5 administration solutions are designed to efficiently handle the complex capital, accounting, and process administration of an EB-5 project from start to finish, with the highest level of compliance, security, and transparency.”
Designed to help raise capital faster, reduce risk, and ensure success for issuers and investors, the comprehensive NES Financial EB-5 Administration Solution will be used for the entire life cycle of the project’s EB-5 fund, providing institutional-quality practices and services, from capital and accounting administration to documentation and process management required by the EB-5 visa program.